Information technology shares were mostly higher in afternoon
trading. The S&P/TSX Info Tech index was up 0.2%.
BlackBerry (BB.TO): +1.1%
CGI (GIB-A.TO): -0.2%
Absolute Software (ABT.TO): +5.9%
Macdonald Dettwiler & Associates (MDA.TO): +0.5%
Constellation Software (CSU.TO): -0.2%
In company news, Absolute Software Monday reported that net
income for Q4 ended June 30 increased to US$0.8 million, or US$0.02
per diluted share, from a net income of US$0.4 million, or US$0.01
per diluted share, in the same quarter last year. The improvement
in earnings resulted from a climb in sales contracts to a record
US$30.7 million from last year's US$26.2 million.
Revenues totaled US$23.3 million, up from US$22 million a year
earlier. For fiscal year 2015, the provider of firmware-persistent
security and management solutions is expecting sales contracts and
cash from operating activities to increase over 2014 levels.
The board of directors approved an increase in the quarterly
dividend to $0.07 per common share from $0.06 per share. This
increase is expected to be implemented in Q2 2015. There is no
change to the current $0.06 per share dividend scheduled to be paid
on August 28 to shareholders of record at the close of business on
Also, CGI Group said Tuesday it has reached an agreement with
Toyota Material Handling Europe (TMHE) for the outsourcing of the
truck manufacturer and material handler's IT operations. Under the
terms of the deal, most employees from TMHE's IT department will be
rebadged to CGI. The information technology specialist firm will
take over TMHE's data center, as well as its application
management, service desk, email, network, collaboration, storage
and security services. The contract has an estimated value of C$37
million over five years.
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